Shows
Reviving Growth KeynesianismHerman Mark Schwartz on Corporate StrategyFor this episode we talk to Herman Mark Schwartz on a wide range of issues - from biopolitics, industrial policy, and the New Cold War political economy to why "financialization" is a limited analytical frame for recent history. Mark argues that conflict between firms over profits is just as important - if not moreso - than conflict between capital and labor over the consumption share. The shift from midcentury "Fordism" to today's three-tiered economic structure happened as the result of a "Kalecki moment" in the late-1960s and early-1970s: workers, women, and the third world wanted more, and...2023-01-051h 53Reviving Growth KeynesianismJamie Martin on *The Meddlers* and Legitimation MachinesJamie Martin joins us to discuss his new book *The Meddlers: Sovereignty, Empire, and the Birth of Global Economic Governance.* After the first World War, the tools that European empires had used to govern their colonies' economies were applied to Europe itself. To stabilize that respatialization politically, the victorious powers had to invent new institutions - what Martin calls "legitimation machines" - to justify treating European countries like colonies. The new institutions were supposed to legitimize global economic governance, but were castigated as "meddlers" as often as not. We ask him what we would have to do to escape t...2022-11-171h 11
The ProgressiveEric Monnet on *Controlling Credit* Podcast: Reviving Growth Keynesianism (LS 28 · TOP 10% what is this?)Episode: Eric Monnet on *Controlling Credit*Pub date: 2022-09-19Get Podcast Transcript →powered by Listen411 - fast audio-to-text and summarizationEric Monnet joins us to discuss his book *Controlling Credit: Central Banking and the Planned Economy in Postwar France, 1948-1973.* Prior to the neoliberalizations of the late 20th century, most central banks in Europe worked very differently than they do today. Interest rates played less of a role than credit controls in a more concentrated, segmented, and statist banking system. Rep...2022-09-271h 11Reviving Growth KeynesianismEric Monnet on *Controlling Credit*Eric Monnet joins us to discuss his book *Controlling Credit: Central Banking and the Planned Economy in Postwar France, 1948-1973.* Prior to the neoliberalizations of the late 20th century, most central banks in Europe worked very differently than they do today. Interest rates played less of a role than credit controls in a more concentrated, segmented, and statist banking system. Representatives from all across the economy - farmers, workers, industrialists - sat on important decision making boards that oversaw credit policy "in the general interest." A vision for "nationalizing" credit brought together right-wing Bonapartists, Gaulists, and neo-Simonian planners focused o...2022-09-191h 11The ProgressiveNina Eichacker on Solyndra, Socialism, and Fiscal Space Podcast: Reviving Growth Keynesianism (LS 28 · TOP 10% what is this?)Episode: Nina Eichacker on Solyndra, Socialism, and Fiscal SpacePub date: 2022-05-31Get Podcast Transcript →powered by Listen411 - fast audio-to-text and summarizationFor this episode, we talk with Nina Eichacker, Assistant Professor of Economics at the University of Rhode Island. We discuss her wide ranging work on green industrial policy, the politics of Eurozone monetary policy, and two pre-pandemic books about American socialism.*** LINKS ***Read more of Nina Eichacker's work on her web page: https://nin...2022-06-081h 49Reviving Growth KeynesianismNina Eichacker on Solyndra, Socialism, and Fiscal SpaceFor this episode, we talk with Nina Eichacker, Assistant Professor of Economics at the University of Rhode Island. We discuss her wide ranging work on green industrial policy, the politics of Eurozone monetary policy, and two pre-pandemic books about American socialism.*** LINKS ***Read more of Nina Eichacker's work on her web page: https://ninaephd.org/Follow her on twitter: @nina_econ"The Case for More Solyndras" https://www.technologyreview.com/2020/11/19/1012302/solyndra-climate-change-industrial-policy-opinion/"Institutions, Liquidity Preference, and Reserve Asset Holding in the Eurozone Core and Periphery Before and After Crises: Some...2022-05-311h 49Reviving Growth KeynesianismChristy Thornton on *Revolution in Development: Mexico and the Governance of the Global Economy*For this episode, Christy Thornton joins us to talk about her book *Revolution in Development.* It tells the story of the revolutionary Mexican state's exclusion from the international financial system in the early 20th century, its new conception of credit and push for multilateral development lending in the interwar period, and its ultimately tragic defense of the Bretton Wood institutions in the postwar period. Along the way she asks us to think about hegemony in the world-system, agency in the global south prior to the much-hyped moment in the 1970s, and Mexico's revolution in development as a cautionary tale...2022-05-041h 02Reviving Growth KeynesianismExpecting Skanda AmarnathFor this episode, we talk with Skanda Amarnath, executive director of Employ America. We discuss some of the myths about inflation in the 1970s, the forgotten inflation of early 1950s, how monetary policy really works, and Paul Volcker's stolen valor.Follow Skanda on twitter @IrvingSwisher and Employ America @employamericaRead more about Skanda and EA's work here: https://www.employamerica.org/For more on what we talk about in the show specifically, see:https://www.employamerica.org/researchreports/how-the-fed-affects-inflation/https://www.employamerica.org/researchreports/expecting-inflation-the-case-of-the-1950s/https...2022-03-231h 19The ProgressiveEric Helleiner on *The Neo-Mercantilists: A Global Intellectual History* Podcast: Reviving Growth Keynesianism (LS 28 · TOP 10% what is this?)Episode: Eric Helleiner on *The Neo-Mercantilists: A Global Intellectual History*Pub date: 2022-03-05Get Podcast Transcript →powered by Listen411 - fast audio-to-text and summarizationEric Helleiner joins us to discuss his fascinating new global history of neo-mercantilist ideas. In addition to the well-known "Listian Intellectual World" there is a whole universe of thinkers who were not derivative of List but did dream of industrialization by way of a protectionist and interventionist state. American Henry Carey, for example, was distinct on a n...2022-03-161h 44Reviving Growth KeynesianismEric Helleiner on *The Neo-Mercantilists: A Global Intellectual History*Eric Helleiner joins us to discuss his fascinating new global history of neo-mercantilist ideas. In addition to the well-known "Listian Intellectual World" there is a whole universe of thinkers who were not derivative of List but did dream of industrialization by way of a protectionist and interventionist state. American Henry Carey, for example, was distinct on a number of dimensions - and more influential around the world. But there were also traditions endogenous to East Asia, which developed and expanded on earlier mercantilist discourses that can be traced back to China's Warring States period or Japan's feudal era. Rather...2022-03-051h 44Reviving Growth KeynesianismCharles Postel on *Equality: An American Dilemma, 1866-1896*For this episode, we spoke with Charles Postel about his recent book *Equality: An American Dilemma, 1866-1896.* After the Civil War, many social movements in favor of "equality" flourished in the U.S. -- champions of racial, sexual, regional, and economic equality pressed their case like never before. Organizations like the Woman's Christian Temperance Union and the Knights of Labor mobilized women and workers on a massive scale, while the Grange - a project initiated by federal bureaucrats from D.C. - assembled farmers into the largest and most coherent organ for class-interest in the country. Each had to...2021-12-271h 44Reviving Growth KeynesianismAmy Offner on *Sorting out the Mixed Economy*Amy Offner joins us to discuss the contradictions of New Deal liberalism, Colombian developmental statism, and the transnational flow of ideas. There are more continuities between the midcentury moment and today than many realize, suggesting that perhaps the worst aspects of today's neoliberalism are in fact more enduring features of capitalism.*** LINKS ***Professor Offner's faculty page: https://live-sas-www-history.pantheon.sas.upenn.edu/people/faculty/amy-c-offnerAmy C. Offner - Sorting out the Mixed Economy https://press.princeton.edu/books/hardcover/9780691190938/sorting-out-the-mixed-economyJuan Gabriel Valdes - Pinochet's Economists: The Chicago School of...2021-12-131h 49Reviving Growth KeynesianismAndrew Elrod on the Politics of Inflation ControlWhat's the responsible thing to do if inflation starts to rise? This week we talk with Andrew Elrod, who recently completed a dissertation on the history of wage and price controls in America between 1940 and 1980 at UC Santa Barbara. It turns out that mainstream American history offers a number of options for dealing with accelerating prices; monetary policy doesn't have to be the only game in town."When my new theory has been duly assimilated and mixed with the politics and feelings and passions, I can't predict what the final upshot will be in its effect on...2021-12-101h 35Reviving Growth KeynesianismJohn Shovlin - *Trading with the Enemy: Britain, France, and the 18th-Century Quest for a Peaceful World Order*This week we spoke with John Shovlin about his new book on capitalist international relations between France and Britain during the "second Hundred Years War." Its well-known that uneven commercial development provoked conflict in early modern Europe, as great powers that lagged behind fought violently to catch up. What's less well-known is that, as Shovlin shows, the same mercantilist rivalries could also provoke the opposite responses: free trade and peace projects. We ask him about the notorious John Law episode in France, hegemony and empire as master concepts for narrating international history, and the problem of protection costs for...2021-08-311h 42Reviving Growth KeynesianismDouble Header - Luke Petach on *Spatial Keynesianism* and Daniele Tavani on Secular StagnationThis week we've brought you a double feature! First we talk to Luke Petach about his article on "Spatial Keynesianism." Macroeconomic policy was, at its inception, methodologically nationalist, and Keynesian policies fostered income convergence all across the US as poor regions caught up to wealthier ones. We talk about how that worked and why it ended.Then we bring on his co-author and former adviser, Daniele Tavani to talk about the post-Keynesian tradition, its differences with the Marxian economic tradition, and how they might be brought together again under the rubric of secular stagnation. Along the way...2021-08-022h 17Reviving Growth KeynesianismZachary D Carter on *The Price of Peace*This week we spoke with Zach Carter about his award-winning book *The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes.* Its our most comprehensive episode yet on the Keynesian Revolution, then and now. We ask Zach about the role of Enlightenment liberalism, art, love, journalism and war in the life and times of JMK, and the narrowing of Keynesianism's horizons in the later half of the twentieth century.*** LINKS ***Follow Zach on twitter @zachdcarterFind more on the book and his writing at: https://www.zacharydcarter.com/2021-07-132h 04
Reviving Growth KeynesianismDavid Stein on *Fearing Inflation, Inflating Fears*This week we talked to David Stein about his dissertation, "Fearing Inflation, Inflating Fears" and the centrality of full employment to the black freedom struggle. From the 1930s through the 1970s, the fight for a job went hand in hand with the fight for freedom and equality. The proposal for a Job Guarantee, it turns out, has multiple origins - one was in the fight against Jim Crow monetary policy. Cold War complications ultimately undid the movement for a time, but its coming back today. *** LINKS ***Follow David on Twitter @DavidpSteinRead David's wo...2021-06-281h 22Reviving Growth KeynesianismRobert Manduca on the Multiple Dimensions of InequalityFor this episode, we stood back to take stock of some Robert's own research on inequality in its all its complexity. Its a multi-dimensional issue, with generational, spatial, racial, national, and macroeconomic processes all intersecting to generate the world we see today.Check out more of his stuff here: http://robertmanduca.com/publications/And follow him on twitter: https://twitter.com/robertmanduca2021-06-141h 05Reviving Growth KeynesianismNick Foster on "Green Corn Gleaming" or: why Reagan did industrial policy in agricultureNick Foster is a graduate student in history at the University of Chicago, writing a dissertation on the Reagan Revolution and the cultural history of finance capitalism. We discuss why Reagan embraced the biggest farm bill in US history, and speculate about the historiography of capitalist agriculture.When Nick's paper is published we'll edit the show notes to provide a link and tweet about it so you can read it too. In the meantime, all enthusiastic fan mail can be directed to: https://history.uchicago.edu/directory/nicholas-foster2021-04-121h 14Reviving Growth KeynesianismJonathan Levy on *Ages of American Capitalism*This week we talked to Jon Levy, Professor of US History at the University of Chicago, about his forthcoming book *Ages of American Capitalism.* We asked him what "capitalism" even is, what makes one age different from another, and what Keynes can tell us about its past and possible futures.*** LINKS ***Pre-order the book from Penguin: https://www.penguinrandomhouse.com/books/227741/ages-of-american-capitalism-by-jonathan-levy/or on Amazon: https://www.amazon.com/Ages-American-Capitalism-History-United/dp/0812995015Read about Jon's definition of "capital as process" here: https://www.academia.edu/34785107/Capital_as_Process_and_the_History_of...2021-02-191h 02Reviving Growth KeynesianismLiz Cohen on *A Consumer's Republic*Today's guest is Lizabeth Cohen, the Howard Mumford Jones Professor of American Studies in the History Department at Harvard University. We discuss her classic work A Consumers Republic: The Politics of Consumption in Postwar America, which argues that in post-war America, the act of consuming was seen as a virtuous contribution to the public good. But the model had inherent limits in the race, gender, and class dynamics of the era, especially visible in housing, suburbanization, and the market segmentation of advertising, which ultimately limited that model of economic culture by the 1970s. We also briefly touch on her m...2021-02-021h 01Reviving Growth KeynesianismAriel Ron on the *Grassroots Leviathan*Today's guest is Ariel Ron, the Glenn M. Linden Assistant Professor of the U.S. Civil War Era History at Southern Methodist University. We discuss his new book Grassroots Leviathan, which argues that agrarian reform movement can give us a new perspective on the Civil War. We ask him what the democratic developmentalism of antebellum period can tell us about the American state building tradition, and what it might mean for our own troubled times.***LINKS***Ron on twitter: @arielronidRon's faculty profile: https://www.smu.edu/Dedman/Academics/Departments/H...2021-01-1959 minReviving Growth KeynesianismKaleb Nygaard on the Bankster podcast and the New Bagehot ProjectToday's guest is Kaleb Nygaard, host of the Bankster podcast - the best show out there for learning about central bank history - as well as a researcher at the Yale Program on Financial Stability's New Bagehot Project. We talk to him about the new playbook for fighting systemic risk, his experience as a public educator, and a mutual hero of ours: Marriner Eccles.***LINKS***Kaleb on twitter: @KalebNygaardThe Centralverse: https://www.centralverse.org/FedWatcherClaudia Sahm, "Economics is a disgrace": http://macromomblog.com/2020/07/29/economics-is-a-disgrace/Federal Reserve's historical...2020-11-2357 minReviving Growth KeynesianismMatthew C. Klein on *Trade Wars are Class Wars*Today's guest is Matt Klein, senior writer and economics commentator at Barron's. We discuss his new book with Michael Pettis, which argues that global imbalances are the result of rising inequality around the world. It's underconsumption theory at its most sophisticated. We ask him what implications this has for politics. Plus, we welcome a new co-host: Chris Hong, a graduate student in history at the University of Chicago.***LINKS***Matthew Klein on Twitter: @M_C_KleinMatt Klein at Barron's: https://www.barrons.com/authors/8566Buy the book here...2020-11-021h 05Reviving Growth KeynesianismReading Episode: Tomorrow Without Fear and Mobilizing for AbundanceWe do our first reading episode, tackling Tomorrow Without Fear by former director of the OPA, Chester Bowles. Its a refreshingly clear exposition of pop Keynesianism from WWII era America. We also discuss pop Keynesian classic Mobilizing for Abundance by military economist Robert Nathan. Along the way we discuss the purpose of intellectual history, and why we think its useful to see ourselves as a part of a living American tradition. One of the things we learn from revisiting the past is often that our heroes succeeded in large part thanks to circumstances which are now past us. Hopefully...2020-10-2800 minReviving Growth KeynesianismMonica Prasad on *The Land of Too Much and Mortgage Keynesianism*Today’s guest is Monica Prasad, professor of sociology at Northwestern University, where she studies economic, political, and comparative historical sociology. She is the author of numerous books and articles, including The Politics of Free Markets and Starving the BeastOur discussion will center on her book The Land of Too Much: American Abundance and the Paradox of Poverty, in which she addresses the question of why the US has more poverty than any other developed nation, despite being the wealthiest country on earth. To answer this, she develops a demand-side theory of comparative political economy. She ar...2020-09-101h 00Reviving Growth KeynesianismIntroductionIn this episode, we introduce ourselves as well as the concept of "Growth Keynesianism." We want to show that managing demand by attacking inequality is a robust American tradition, even if the most recent generations have forgotten this. We think it is important now more than ever to think about how demand and inequality affect the long-term growth process, and that doing so is good politics.2020-08-0731 minReviving Growth KeynesianismJohn Nichols on *The Fight for the Soul of the Democratic Party*John Nichols is the National Affairs Correspondent for The Nation. He joins us today to talk about his recent book, *The Fight for the Soul of the Democratic Party: The Enduring Legacy of Henry Wallace's Anti-Fascist, Anti-Racist Politics.* Wallace represents the many paths not taken in American history: at several points in the last 70 years, a vibrant and progressive left has emerged within the Democratic party, only to be beaten back by establishment forces. We discuss what his story means for American politics today.*** LINKS ***John's Twitter: @NicholsUprisingJohn's profile at The...2020-07-2752 min